Thursday, November 14, 2013

Rocket Builders is Seeking Nominationsfor the 2014 "Ready to Rocket" and "Emerging Rockets" Lists. This recognition program will showcase companies in ICT, CleanTech and Life Science sectors and will be presented March 12 2014.

BC is home to many of Canada's most exciting technology companies. Rocket Builders has built a unique methodology for analyzing market trends and using this knowledge to predict revenue growth in the coming year. Each year Rocket Builders publishes lists which profile the BC companies that have the greatest potential in the coming year. This is the first year the list is sponsored by Colliers International, and the second year that the list is sponsored by Espresso Capital, Fasken Martineau, Go Recruitment and PWC as corporate sponsors to enhance the quality of the program.

The "Ready to Rocket" Lists feature top technology companies that are best positioned to capitalize on the largest growth trends in the technology industry. This upcoming list will be the 12th year of this recognition list. We expect that companies selected to the "Ready to Rocket" list will outperform the economy and represent important trends that are creating rapid revenue growth.

We are seeking nominationsfor the 2014 "Ready to Rocket" lists that we will present on March 12th 2014. Nomination deadline is February 28th 2014, but submission as soon as possible will allow the selection committee more time to consider your nomination.

What are we looking for in "Ready to Rocket" companies?

CleanTech Ready to Rocket List for 2014

To qualify for nomination, a company must be beyond the proof of concept stage - customer validation, scalable demonstration project, and established industry relationships.

The selection committee is looking for companies that have the potential for 50% to 100% growth in the coming year, and are in good position to leverage industry trends or key industry partnerships.

Please nominate a company even if the company is "too early" to qualify as Rocket Builders also recognizes emerging companies. Many promising companies are too early in commercialization, too early in first revenues, or in transition to new markets or business models. Based on the potential of their technology alone, Rocket Builders recognizes their potential in a "Emerging Rockets" list. These companies represent companies to watch over the next few years and are likely to mature into "Ready to Rocket" companies.

Rocket Builders has just
completed a mid year review of the 2013 Ready to Rocket List and found that
companies on the list are attracting investment and increasing revenue,
resulting in job creation and economic benefit for the province.

Ready to Rocket
is an annual list of the companies in Information Communications and Technology
(ICT), Cleantech and Life Sciences that Rocket Builders believes are most
likely to show break out growth in the coming year. The mid-year review involves
contacting all companies on the lists and arranging interviews to gather
insights and metrics regarding company growth. The median growth rates are over
30% compared with the previous year's base revenue.

"Our mid-year review of the Ready-to-Rocket companies
confirmed that this set of companies is growing and attracting investment. And
it is good to see that revenue is growing faster than job creation so the
average revenue per employee is going up.” Said Steven Forth, Partner at Rocket
Builders.

Six ICT Companies have closed
a total of $14,700,000 in investment, most of which was equity. Revenue per employee in Cleantech is
forecasted to grow to an average $171,000 in 2013 from $103,000 in 2012. Cleantech companies are demonstrating
strong, stable growth and this signifies advancement beyond simply early
adopters for this sector's technology innovation.

The fastest growing companies
are those that are focusing on a more precise target market. There is also a relation between simplicity
of business model and ability to grow: the simpler the business model the
easier it is to focus, execute and grow.
Complex business models can generate very valuable companies, but
generally take more time and capital to execute. The best performers on the Ready to
Rocket list have in common a valuable management technique – they have managed
their business decision making with analysis of business metrics, and benefit
most from a single key business metric specific to their business model.

Reg Nordman, co-author, Managing Partner at Rocket
Builders states, "These Ready to Rocket companies remain fast
growing and attract significant investment. Having a tight focus on their
markets with simple business models appears to be part of a winning
strategy."

Virtually all of the
companies in Ready-to-Rocket are focused on the US market for their revenue
growth.

Rocket Builders Names
Top Technology Companies To the “Ready to Rocket” lists for 11th Consecutive
Year

Annual list
highlights technology trends and those private

BC companies positioned
for high growth in 2013.

VANCOUVER, BC – March
12, 2013

Rocket Builders
today released its eleventh annual “Ready to Rocket” lists of British Columbia
technology companies that are best positioned to capitalize on the 2012
technology sector trends that will lead them to faster growth than their peers.
Rocket Builders also released results from its 2012 lists, with 2 companies
being acquired and 3 companies graduating from future consideration having
achieved greater than $20 million in revenue.

The annual “Ready
to Rocket” lists provide accurate predictions of private companies that will
likely experience significant growth, venture capital investment or acquisition
by a major player in the coming year. The lists cover 3 different technology
sectors:

●Information and Communications
Technology (ICT)

●Cleantech (CT)

●Life Science (LS)

The “Ready to
Rocket” lists are the only predictive lists of its kind in North America,
requiring many months of sector and company analysis.

“Each year, our
team of analysts received lots of inquiries on how we are able to predict so
accurately which companies will grow revenue.” said Geoffrey Hansen, Managing
Partner at Rocket Builders. “Three elements characterize these high growth
firms: a growing market opportunity, a unique competitive position and customer
validation of a must-have value proposition.”

The 2012 Ready to
Rocket list for ICT performed extremely well. The median growth rate on that
list was over 50% growth, with the 10 companies exceeding 75% growth and 5
companies exceeding 100% growth. The 2013 list will feature 25 companies, and
the list can be found here:

“With the growth
of mobility and cloud computing as major drivers of the ICT sector, there are
many market opportunities that BC companies are capitalizing on,” said Reg
Nordman, Managing Partner at Rocket Builders, “And despite slow economic growth
in most global markets, ICT companies are finding ways to win customers in the
United States and abroad.”

The 2012 Ready to
Rocket list for Cleantech also performed extremely well, with 3 companies
exceeding $30 million in revenue, and many more were able to more than double
their revenues. The 2013 list will be expanded to feature 14 companies, and the
list can be found here:

According to Dave
Thomas, Senior Partner at Rocket Builders, “B.C. continues to be a leader in
Cleantech innovation, and investments into this sector continue to grow. Unlike
information technology, Cleantech innovations need longer timeframes to
establish a market foothold. This year, many new B.C. startups have
transitioned from innovation to commercialization.”

The 2012 Ready to
Rocket list for Life Science featured many new investments and key milestones.
The 2013 list will feature 10 companies, and the list can be found here:

According to Thealzel Lee, Senior
Partner at Rocket Builders, “2012 has seen significant investments in BC’s life
science companies as well as changes to the business landscape that is
reflective of the challenges faced by the regulatory environment as it tries to
keep up with the advances and convergence of molecular biology, chemistry,
digital media, nanotechnology, ICT and other interfacing technologies.”

Sponsors for 2019

CBRE

Garibaldi Capital Advisors

Go Recruitment

City of New Westminster

McMillan

PwC

Rocket Builders

Events

March 11th 2019 - List Launch Event

Nomination Deadlines

February 15th 2019 - Nomination Deadline

Ready to Rocket Recognition Program

Ready to Rocket is a unique business recognition list that profiles B.C. technology companies with the greatest potential for revenue growth. Since 2003, the Ready to Rocket list has consistently predicted the revenue growth leaders and the companies most likely to attract investment.